Resolved, the House of Bishops concurring,

That the 81st General Convention approves an assessment formula (Canon I.4.6.b) for the period January 1, 2025 through December 31, 2027 based on a single assessment of each diocese. In each year, 2025-2027, the diocesan total adjusted operating income, as reported in the annual diocesan financial report (Canon I.4.6.i and Canon I.6.4) for the two years prior to the year to which the assessment is applied [e.g., 2025 assessments are to be based on 2023-2024 actual income figures], shall be reduced by a $200,000 exemption. A single assessment shall be applied to the remaining amount (balance) at a flat rate of 13.5%; and be it further

Resolved, That the 2025-2027 Episcopal Church budget shall be adjusted and managed as set forth in the Canons, Rules of Order, and Executive Council policies and procedures; and be it further

Resolved, that the 81st General Convention of the Episcopal Church asks Executive Council to set a plan for lowering the diocesan assessment to 10% by 2030.